Zions Bank

• Variety of Loan Types
• Home Equity Loan Options
• First-Time Homebuyers Assistance
• Interest Rate Discount
• No Closing Costs
• Mobile App

Variety of Loan Types

Zions Bank offers a variety of home loan types:

• Conventional Loan (fixed rate)
• Adjustable Rate Mortgage (ARM) Loan
• FHA Loan
• Home Refinance Loan
• Home Construction Loan

The bank’s Home Construction Loan is worth noting because most mortgage lenders don’t offer this option. Thus, if you are building your own home, a Zions Bank mortgage could be a good option for you.

Home Equity Loan Options

In addition to its traditional loan options, Zions Bank offers home equity loan options, allowing you to tap into your home equity to fund renovations or other projects, or to cover whatever need you may have.

ZIons Bank offers the following two home equity options:

• Home Equity Loan — get the entire loan amount up front
• Home Equity Line of Credit (HELOC) — a revolving line of credit that you can access as needed

First-Time Homebuyers Assistance

Zions Bank offers specific support and solutions to first-time homebuyers. The bank offers a variety of mortgage loans designed for first-time buyers and you will work with a Zions Bank mortgage loan officer to determine what options are best for you.

To get started in the mortgage process with Zions Bank, you simply complete an online application and necessary support will be provided based on your information.

Interest Rate Discount

If you are an existing Zions Bank customer, you have the opportunity to save on your mortgage rate by choosing to make automatic payments through a Zions Bank bank account. The following discounts are available to eligible borrowers:

• 0.125% Rate Discount — available for a home equity loan (HELOCs are excluded) and a residential lot loan
• 0.250% Rate Discount — available for an RV loan, a personal unsecured loan, a personal secured loan, and a personal unsecured line of credit

No Closing Cost Refinance Loans

If you choose to refinance your home loan with Zions Bank, you will not be required to pay any closing costs, which could save you thousands of dollars.

Mobile App

Zions Bank provides its customers with an iOS-compatible and Android-compatible mobile app, which can be used to view and manage loans from a smartphone or tablet while on the go.

• Undisclosed Interest Rates
• High Minimum Credit Score

Undisclosed Interest Rates

Unfortunately, Zions Bank has not disclosed mortgage interest rates on its corporate website. Interested consumers must contact the company for more information.

High Minimum Credit Score

Zions Bank will not lend to borrowers with a credit score below 660. Consumers with subpar credit will need to seek other home loan companies.